Other Purchase Agreement Clause Samples
The 'Other Purchase Agreement' clause defines the relationship between the current contract and any other purchase agreements that may exist between the parties. It typically clarifies whether the terms of this agreement supersede, supplement, or coexist with those of other purchase agreements, and may specify how conflicts between agreements are resolved. For example, it might state that this contract does not affect prior agreements unless explicitly stated, or that it replaces all previous purchase arrangements. The core function of this clause is to prevent confusion or disputes by clearly establishing how multiple agreements interact, ensuring that both parties understand their rights and obligations across all related contracts.
Other Purchase Agreement. The transactions contemplated by the Other Purchase Agreement shall have been consummated or shall be consummated substantially simultaneously with the Closing in accordance with the Other Purchase Agreement in effect as of the date hereof, with no amendments thereto other than those amendments which have been made, mutatis mutandis, to this Agreement.
Other Purchase Agreement. The closing under the Other Purchase Agreement shall have occurred contemporaneously with the Closing.
Other Purchase Agreement. The Purchaser and the Principal Stockholder shall have consummated the acquisition by the Purchaser of 16,650,000 shares of Common Stock from the Principal Stockholder pursuant to the terms of the Other Purchase Agreement (unless such acquisition shall not have been consummated as a result of a breach by the Principal Stockholder thereunder).
Other Purchase Agreement. The consummation of the purchase and sale of the property that is the subject of the Other Purchase Agreements shall have occurred.
Other Purchase Agreement. Reference is hereby made to that certain Purchase and Sale Agreement of even date herewith, by and between, Lake Colorado Associates and the Purchaser, concerning the office building located at 35 North Lake Av▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇▇ ▇eferred to as the Pasadena Financial Center (the "Other Purchase Agreement"). The Seller and the Purchaser acknowledge and agree that the Closing hereunder and the "Closing" under and as defined in the Other Purchase Agreement shall occur simultaneously, and neither such Closing shall occur unless both such Closings shall occur.
Other Purchase Agreement. Concurrently with the execution of this Agreement, Buyer is entering into a purchase contract (the “Hampton Contract”) with RT Clarita Two, L.P., a Delaware limited partnership (the “Hampton Seller”) for the purchase of the Hampton Inn Los Angeles/Santa Clarita hotel located at ▇▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇. Buyer and Seller acknowledge and agree that the closings under this Agreement and the Hampton Contract must occur within a reasonable timeframe from one another, if not simultaneously, that a default by either party under this Agreement that remains uncured in accordance with the terms of this Agreement shall entitle the non-defaulting party to terminate the Hampton Contract on notice to the other, and that a default by either party under the Hampton Contract shall entitle the non-defaulting party to terminate this Agreement on notice to the other. In addition, in the event of any occurrence or exercise of any right which results in the termination of the Hampton Contract prior to Closing, either party shall have the right to terminate this Agreement upon notice to the other, in which event, unless such termination resulted from Buyer’s default, the Deposit shall be paid to Buyer. Notwithstanding the foregoing, in the event of termination of this Agreement and the Hampton Contract as a result of Buyer’s default under one, but not both, of such Agreements, the selling party shall only be entitled to retain the Deposit for the Agreement under which Buyer shall have defaulted. Notwithstanding the foregoing, in the event of a default by Seller, under one, but not both, of such Agreements, Buyer shall be entitled to either (i) terminate both this Agreement and the Hampton Contract, or (ii) pursue specific performance of both this Agreement and the Hampton Contract.
Other Purchase Agreement. Reference is hereby made to that certain Purchase and Sale Agreement of even date herewith, by and between, Century Square Venture and the Purchaser, concerning the office building located at 155 North Lake Avenue, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ to as the Century Square Building (the "Other Purchase Agreement"). The Seller and the Purchaser acknowledge and agree that the Closing hereunder and the "Closing" under and as defined in the Other Purchase Agreement shall occur simultaneously, and neither such Closing shall occur unless both such Closings shall occur.